Call Pro Surety Bond for among the lowest surety bond rates in the industry. We specialize in all types of Contract and Construction Bonds including Payment and Performance Bonds, Subdivision and Off Site Bonds, Bid Bonds, License and Permit Bonds, Court Bonds, Fidelity Bonds and all types of Miscellaneous Surety Bonds. Paragraph 1 - phone When you call 800-314-7003 you’ll be in good hands. Be sure you’re informed before you make a choice. Call the Makakilo Surety Bond Pros at 800-314-7003!
For Superb Customer Service On Your Makakilo Surety Bond
Call 800-314-7003! What are surety bonds for? Good question, but first we need to review what surety bonds are. A surety bond is a three way agreement between the obligee (the party asking for the bond to be purchased), the principal (the party that is being asked to purchase the bond) and the surety (the company that provides the bond). In a contract the principal agrees to fulfill some obligation for the obligee. If the obligee does not feel that the principal has performed the duty up to standard, he will make a claim on the bond with the surety company, who will then investigate the matter. If the surety decides in favor of obligee, he pays the claim and goes after the principal for the claim. Pro Surety Bond offers among the best rates on surety bonds the industry has to offer, and we can make it happen for those with poor credit as well. Call 800-314-7003!
Bidding Opportunities in Makakilo
If you are bidding on public projects for the City of Makakilo you may be required to post a Bid Bond. The Bid Bond guarantees you will be able to provide the Performance Bonds required in the event you are the low bidder. In essence the Bid Bond pre-qualifies you for the work you are bidding on. Not all jobs require bonding but if they do we can assist you with Bid Bonds, and subsequent Performance and Payment Bonds as required by the state. Please call the Contract Bond Team at Pro Surety Bond for more information.
Makakilo, Hawaii is a residential district in the Ewa District of the island of Oahu. It sits rather high, about 400 feet, above the city of Kapolei and is called the second city of Oahu by some, and thus enjoys cooler weather than found at sea level. The higher elevation is one of the town’s selling points, as it affords many spectacular views of the ocean. It’s probably not for nothing that Makakilo in Hawaiian means “observing eyes.” Since it’s not near the water, it offers different recreational activities, like swimming, diving, fishing and related things. Other things to do here are the Hawaiian Waters Adventure park and nearby Fort Barrette which is known by only a few as one the places on the island when Pearl Harbor was attacked. Today it is a park and museum Makakilo is a diverse city, something the city is proud of. And while it doesn’t get much tourist traffic, it is peaceful and a great place to live if want to live like a local.
Employment in Makakilo consists largely of service workers, office workers, white collar and some military. It has in recent years become one of the most attractive locales for new home construction, and it’s the military that is fueling the demand. This segment of the population wants new and affordable single homes, with three or four bedrooms and a front and back yard. The added benefit of new housing is that it has lower maintenance costs, so they are good for renting as well; and it doesn’t hurt that it’s easy to find loans for these bread and butter homes, because newer homes are easy to get VA loans for, and some developments even offer military discounts. Call the Makakilo Surety Bond Pros Today at 800-314-7003!
How is a surety bond different from insurance? Well, surety bonds, legally speaking, ARE insurance, and they are regulated by the same bodies that regulate that industry. The main difference between the two is that regular insurance covers YOU and surety bonds cover “other guy.” Surety bonds are more similar to force placed insurance, the kind you need when you take out a mortgage. Forced place insurance covers the bank if the house burns down, and you need your own owners insurance to cover yourself. Note that surety bonds, like forced placed insurance, are usually legally required.
Are There Any Surety Bonds Not Legally Required?
In case you were interested, one example of surety bonds that are usually not legally required are fidelity bonds. Fidelity bonds protect a business’s client primarily, as in the case of a janitorial company in Makakilo. Janitorial companies send employees to work on the site of other businesses, and although they do their best to run background checks, sometimes it helps to show your clients that in the event one of your employees steals from the client that THEY are covered, and quickly. In other words, your client won’t have to take you to court to settle the issue, they can recover their losses in a short period. Give us a call at 800-314-7003
The Surety Bonds We See Most Commonly in Makakilo, HI
There are literally thousands of different Surety Bonds to guarantee the performance of businesses and individuals. The following list of are the bonds we most commonly see.